LRI Investments LLC Acquires 1,640 Shares of Capital One Financial Corporation $COF

LRI Investments LLC lifted its holdings in Capital One Financial Corporation (NYSE:COF) by 73.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,866 shares of the financial services provider’s stock after acquiring an additional 1,640 shares during the period. LRI Investments LLC’s holdings in Capital One Financial were worth $823,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC lifted its stake in Capital One Financial by 103.3% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 62 shares during the last quarter. Olistico Wealth LLC lifted its stake in Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 101 shares during the last quarter. RMG Wealth Management LLC bought a new stake in Capital One Financial in the second quarter worth about $27,000. Signature Resources Capital Management LLC bought a new stake in Capital One Financial in the second quarter worth about $28,000. Finally, WPG Advisers LLC bought a new stake in Capital One Financial in the first quarter worth about $25,000. Institutional investors own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on COF shares. TD Cowen raised their price objective on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Capital One Financial in a research report on Wednesday. Robert W. Baird raised their target price on shares of Capital One Financial from $240.00 to $245.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Redburn Atlantic raised shares of Capital One Financial to a “strong-buy” rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company raised their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $252.78.

Insider Activity

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value of $423,980.00. Following the completion of the sale, the general counsel directly owned 98,486 shares in the company, valued at $20,878,047.14. This trade represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the sale, the insider owned 68,707 shares of the company’s stock, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,298 shares of company stock valued at $5,103,824 in the last ninety days. 1.26% of the stock is currently owned by insiders.

Capital One Financial Stock Performance

Shares of COF stock opened at $202.37 on Friday. The firm has a market cap of $129.42 billion, a price-to-earnings ratio of 103.78, a PEG ratio of 0.74 and a beta of 1.18. The company’s 50 day moving average is $219.02 and its 200 day moving average is $202.27. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analysts’ expectations of $12.72 billion. The business’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same period in the previous year, the business earned $3.14 earnings per share. On average, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s dividend payout ratio (DPR) is presently 123.08%.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.